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Wow, Arnold's reduced CA deficit from 38 billion to 8 billion in 2 days...

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Scaramouche Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-03 11:29 PM
Original message
Wow, Arnold's reduced CA deficit from 38 billion to 8 billion in 2 days...
My fucking god it's a miracle: http://www.dailyhowler.com/dh100903.shtml

SCRIPTING MATTHEWS: Just in time! Two days after the election ends, the Washington Post now gets around to examining that California state budget! Surely, today’s headline is meant as a tongue-in-cheek quip about the media’s failure to cover this topic (“For Schwarzenegger, Time to Make the Numbers Add Up”). But at any rate, two days after the election ends, the Post’s Dale Russakoff begins to examine the problem the new gov will face:

RUSSAKOFF: On paper, California faces an $8 billion deficit in its upcoming budget, which could grow to at least $12 billion because of a signature Schwarzenegger campaign promise to eliminate an unpopular car tax worth $4 billion of revenue a year. Schwarzenegger has not explained how he would close the budget gap.

Although Schwarzenegger has said that he won’t raise taxes, “he has identified no uncomfortable spending reductions,” Russakoff notes, “and forswore cuts in education…That would leave $45 billion of programs in the state general fund from which to cut $12 billion—which budget analysts in both parties say is statistically impossible.” Really? Schwarzenegger promised something impossible? So it would seem, to read this piece. Indeed, Russakoff even quotes a major player suggesting that taxes will likely be raised. He quotes Martin Anderson, “a Hoover Institution fellow who is close to Schwarzenegger’s fiscal team:”

RUSSAKOFF: Anderson acknowledged that audit also could show that there is no way out without tax increases.

“They’ll move heaven and Earth to keep that from happening,” said Anderson, “but they haven’t ruled anything out.”

They haven’t ruled anything out? Who knew? But oh, the clowning of your “press corps!” Two days after the election ends, the Washington Post lays it all out.

But when the mainstream press corps sits on its hands, propagandists script your discourse. While the mainstream press wrote its thigh-rubbing profiles of stripper hopefuls and poor Gary Coleman, the propagandists who rule your lives were getting their bogus facts into the discourse. How many people understand the California state budget? On this morning’s Post op-ed page, Harold Meyerson writes from L. A., explaining the way the discourse was shaped by “the populist right—the talk radio hosts, the local Limbaughs:”

<snip>
No, California doesn’t face a “$38 billion deficit,” although its budget situation is still a muddle and a mess. Indeed, George Will, on today’s Post op-ed page, notes that Schwarzenegger’s promise to repeal the car tax hike will “promptly increase by 50 percent a deficit already at $8 billion.” That’s the same figure—$8 billion—that Russakoff used to describe the deficit. Indeed, even the Arnold-loving Washington Times uses the figure on this morning’s front page, while offering a slightly more friendly assessment. “He has yet to get specific about his plans for the state, which is staggering under a budget deficit estimated from $8 billion to $20 billion,” the Times says.

Even the Times could only stretch the “estimate” up to 20. But Meyerson’s column describes what happens when your mainstream “press corps” refuses to play its steward role in your discourse. While the press corps clowned and played, telling all on Mary Carey, the pseudo-con spinners who rule your discourse kept flogging that “$38 billion.” It felt good to keep using that very-large number, and so the spinners kept throwing it out. Result? There was CBS’ Harry Smith using the number this past Monday morning (see THE DAILY HOWLER, 10/8/03). That’s right—when the mainstream press corps slumbers and plays, the spinners’ “facts” get treated as law. Indeed, Arnold’s cable campaign manager also used the false figure on Monday. Rubbing his thigh with his usual glee, Chris Matthews used the phony fact too:

MATTHEWS (10/6/03): This governor has a $38 billion deficit. Why would any voter think he could get rid of it later when he hasn’t been able to get rid of it before?

Of course, Davis had “gotten rid of it before,” lowering the figure from 38 down to 8. But how thoroughly clueless is Hardball’s Chris Matthews? As late as last night, he was still presenting the bogus figure to one of Schwarzenegger’s official chiefs, congressman David Dreier:
<snip>
Did use of that one bogus fact change this race? We know of no reason to think so. But just take a look at the shape of your discourse. Two days after the election ends, the Washington Post lays out the facts—and right up through election day, Smith and Matthews, paid millions a year, were repeating the Schwarzenegger camp’s bogus facts. They’re lazy; inept; in some cases, corrupt; but more than anything, your millionaire pundits couldn’t care less about your discourse and interests. What is the actual shape of your discourse? While your mainstream “press corps” slumbers and plays, those half-witted, “populist” talk-show hosts keep scripting the terms of your corrupted debate. Tomorrow, we’ll see how stupid it actually gets when incompetents like Smith and Matthews keep power.

DUH: On yesterday’s Inside Politics, Judy Woodruff interviewed California state comptroller Steve Westly. Westly said that “the challenge for us is to put partisan differences aside, to roll up the sleeves, and to start putting California's fiscal house back in order:”

WOODRUFF: Well, how do you do that? I mean, the state had an enormous deficit in the last fiscal year. That’s been reduced somewhat. But you already have the incoming governor saying he’s going to roll back the car tax. That’s going to create an even larger deficit. How do you address these tough problems?

WESTLY: Let me just give you some sense of scope. First, we had a $38 billion budget deficit. I want to give the legislature some credit. They’ve cut that back to the point where we now have an ongoing structural deficit of what we anticipate this year will be in the $8 billion range. But we’ve also used a lot of the easy solutions and fixes, so that tough discussion now is going to be, how do we deal with the ongoing $8 billion structural gap? We’re all eager to see what the governor puts forward in the budget that he'll have to send to the printers, just 70 days from now.

According even to Martin Anderson, Schwarzenegger may not be able to do that without raising taxes. But when major pundits lack even the most basic knowledge, are you surprised at the lack of serious discussion that characterized the Golden State race? By the way, here was Schwarzenegger flack Karen Hanretty dissembling on Hardball Monday night:
<snip>
HANRETTY: Look, the voters are concerned about the state of the economy in California. That is exactly why nearly two million people, voters in California signed these recall petitions. They're tired of the car tax. They're tired of a $38 billion budget deficit. Jobs are leaving California. Small businesses are suffering in the state of California because of over-regulation, workers comp, you name it.

MATTHEWS: Right.

HANRETTY: Those are the issues that are really affecting voters right now.

“Right,” her dumb-ass host meekly said. Amazing, isn’t it? America’s discourse is simply a joke. And Matthews gets millions to direct it. (Tomorrow: Our favorite Hanretty moment, as Greta Van Susteren takes her on.)

TODAY’S QUIZ: How big is California’s annual budget? You know—the one that faces the $8 billion deficit? Guess what, readers? Because you read the mainstream “press,” you almost surely don’t know! Comical, isn’t it? Almost no one can state the size of the budget. But almost everyone can state the size of the phony deficit—the deficit that doesn’t exist.



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stopbush Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-03 11:38 PM
Response to Original message
1. Gray Davis & Wife were on Larry King before the election
and clearly laid out the falacy of the $38 billion deficit. They repeatedly quoted the $8 billion figure. In fact, the story above reads like a recap of much of that interview.

HERE'S the facts: Chris Matthews, Judy Woodruff and the rest of the media whores all knew the deficit was $8 billion. THEY LIED TO GET ARNOLD ELECTED. THEY KNEW THEY WERE LYING.

Fuck them
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jeter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-03 11:38 PM
Response to Original message
2. The deficit is about $8 billion.
It's projected to be about $38 billion next year without any cuts, tax hikes, etc.
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-03 11:41 PM
Response to Original message
3. Good point !
Everybody can quote the $38 billion deficit but no one knows about the $8 billion deficit?? I wonder why?
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Clete Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-03 11:43 PM
Response to Reply #3
5. That's going to disappear with a little creative bookkeeping
in six months.
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Lars39 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-03 11:42 PM
Response to Original message
4. Quick tip: edit out the word "fu*king" so mods won't lock the thread.
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Scaramouche Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-03 11:59 PM
Response to Reply #4
9. It's not in the subject line...
but a very good point, nontheless...

How will anyone ever take us seriuosly if we talk like truck drivers...

I mean they're criticising Al Franken over vulgarity...
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Lars39 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-03 12:03 AM
Response to Reply #9
11. The whole first post has to be *clean* from what I understand.
I waded thru all the sailor talk no problem. :)
It's a good article;would hate to see it get locked.
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JewelDigger Donating Member (440 posts) Send PM | Profile | Ignore Thu Oct-09-03 11:52 PM
Response to Original message
6. Even though this is HUGE
we're still arguing about the 'lil fish' .... there's even a BIGGER fish-to-fry sitting out there yet...
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salmonhorse Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-03 11:54 PM
Response to Original message
7. That was the work of the legislature some two months ago...
Schwarzenegger had nothing to do with it. Chris Matthews is, however, a raging, self absorbed, media whore/hack no longer concerned as if he ever was with details.
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Scaramouche Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-03 12:02 AM
Response to Reply #7
10. I*R*O*N*Y...
Did you follow the link?
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salmonhorse Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-03 12:30 AM
Response to Reply #10
12. Nope...
The entire political landscape is becoming nearly too Dada to care ~

:shrug:

Oh wow, jeepers...you mean this one?

http://www.dailyhowler.com/dh100903.shtml

Then in that case, "Yep..."

:shrug:
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Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-03 11:59 PM
Response to Original message
8. At that rate, California will be able to finance the whole Iraq thing...
...by Tuesday.

Now, THAT'S a governor.
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Robin Hood Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-03 12:34 AM
Response to Original message
13. And Enron owes Cali 9 billion dollars.
So it looks like Cali had a billion dollar surplus.
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pretzel4gore Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-03 10:26 AM
Response to Original message
14. i can still remember Jimmy Carter's awful $58 billion
deficit during his last budget...all front page news and subject of so much horrified talk. within 2 years Reagan was running $200 billion/yr deficits...naturally that was on biz pages, way back.
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